The scale of Agency Fees for tramp vessels in Argentine ports is divided, by usage and custom in practice for many years, and covers the intervention of two or more ship-agents, one of whom acts as Customs Transport Agent and the others as Confidential / Protecting Agents (for shipowners, time charterers, etc.) and as Supervisory Agent, the most recently incorporated category.

SECTION 1GENERAL CONDITIONS

1.1 Custom-House Agents, and/or Charterer's Agents when appointed, attend port entrance
services, such as ordering pilots, tugs and mooring services following owners instructions
regarding operations and clearance with the Argentine authorities. In some situations, owing to
their nature (smuggling, legal problems, collisions, accidents) it is more convenient for the
matter to be attended to by the Confidencial/Protecting Agents.
1.2 Confidential/Protecting Agents look after the ship's business relating to the crew, repairs,
stores, certificates and watching over the interests entrusted to their care.

1.3 Supervisory Agents are those that intervene on behalf of a third party, and have nothing
whatsoever to do with the work of the Custom-House Agents and/or Confidential/Protecting Agents.

1.4 In cases where an Agent attends in more than one capacity, he is entitled to charge his
Principals the fees applicable to each one, separately, plus the corresponding surcharges.

1.5 In the case of ships loading and discharging separately or simultaneously, the Agent must
charge separately for each operation.

1.6 The surcharges for delays and trips to the Roads fixed for Customs Transport Agents, are
also applicable to Confidential/Protecting Agents and Supervisory Agents, always provided
that the Agent is not acting in a double or triple capacity, in which case the charge is to be applied only once.

1.7 Additional services shall be charged to the ship when in overtime, in strict accordance with legal rules and regulations in force.

1.8 Expenses incurred attending to the ship (for example, among others, transport fares, correspondence, communications, paper work, etc.)
will be charged in addition to the fees indicated in the present scale.

1.9 Ports and/or anchorages, South of Bahía Blanca will have a surcharge of 30% on each item.

1.10 The Customs Transport Agent shall have the right to obtain the necessary guarantees from the Captain and/or Shipowner that
will permit the payment of any justfiable demands made by the Argentine authorities.

1.11 Any service not included in the present tariff is subject to special agreement between the parties.

IMPORTANT NOTES:

1. It is a priority that owners place agents in funds at least 48 hours prior to vessels arrival at first operating port.

2. It is clearly understood that when work is performed out of normal working hours and authorities must be requested to attend as in the case of customs,
the party ordering the overtime work is to pay for these charges.
Under no circumstance can an agent be requested to order services which may thereafter fall under dispute and lack of payment because this can cause
the agent's suspension.
If the charter party does not clearly stipulate who is to pay for the above mentioned overtime charges, then they will be billed to the vessel.

3. The tariffs contained in this booklet are suggested charges applicable to all Argentine ports and exclude such expenses as communications, travelling,
advertising, bank charges or others which will be billed separately.

SECTION 2
CUSTOMS HOUSE AGENTS

Loading or discharging up to 14.999 tonnes of cargo and up to 20 days in port and/or roads and/or anchorage
(lightering and/or topping-off areas, and/or waiting zones due to port congestion included) or on arrival at the first
port of operation.

2.4 General cargo, that is goods of various kinds, a charge to be applied on the net sea freight of 2%.For a minimum of U$S 3.250.-

2.5 TRANSHIPMENT OPERATIONS

a) For lightering or topping off operations carried out at the first cargo transfer zone (Anchorage) with a maximum time of 4 days.For each port U$S 3.510.-

b) For lighterage or topping off operations subsequently carried out at other cargo transfer zones (Anchorage), for each zone with a maximum of 4 days.For each zone U$S 2.860.-

c) For each additional day or part of day U$S 260.-

2.6 SURCHARGES ACCORDING TO TOTAL TONNAGE LOADED

The following surcharges will be applied on the basic rates in accordance with the total tonnage of cargo, as indicated, loaded or discharged
(including any transhipments or lighterage) in all Argentine ports, irrespective of the number of ports, roads or anchorages used.

a) For items 2.1, 2.2, 2.3 and 2.4 (excluding liquid bulks that are part of item 2.1)From 15.000 tonnes to 19.999 25%
From 20.000 tonnes upwards, for each 5.000 tonnes or fraction 5%

b) For liquid bulks that are part of 2.1 From 15.000 tonnes up to 44.999 20%
From 45.000 tonnes upwards for each 20.000 tonnes or fraction 10%

2.7 SURCHARGE FOR DELAY

After the full 20 days in ports or roads or anchorage (in total)For each additional day, the charge will be U$S 100.-

2.8 SURCHARGE FOR TRIPS TO THE ROADS

To give inward or outward clearance to a vessel in the Roads, or for any other operation requiring the attendance of Agency staff outside the port zone,
(except for lighterage and transhipments) for each trip:

3.1 For normal and general attention on account of Shipwoners or Time Charterers, of crew's affairs, repairs,
stores and taking care of any other matter entrusted to them for a period of up to a total of 10 days' stay in port or
20 days in roads and/or anchorages, including arrivals in distress, for stores, water, bunkers, etc.

Changes in crew (separate charge according to item 3.3 below) and various services (separate charge according to
item 3.4 below). The period begins to count from anchoring for the first time, (lightering and/or topping-off areas, and/or
waiting zones due to port congestion included) or on arrival at the first port operation.

Time to count from first dropping anchor, normal change of pilots not included, but including steaming time among
different operating ports in Argentina.Each port U$S 2.100.-

ADDITIONALS TO ITEM 3.1

3.2 For entering or clearing of a vessel in ballast, always provided the same Agent does not attend as Custom-House
Agent, and the vessel has not arrived in distress.U$S 900.-

3.3 Argentine or foreign crew-members, etc. up to 5 days' stay on shore:

a) For each case of a stowaway or deserter or of being involved in legal, judicial or penal affairs, the fee is subject
to agreement, with a minimum of U$S 800.-

i) Entering or leaving in groups on the same means of transport, up to 5 persons, for each one U$S 200.-

ii) For each additional person coming or leaving with the same group U$S 100.-

c) For each additional day after the first 10 days (a, b and c), for each person U$S 10.-

d) For repatriating the remains of, or burying locally, deceased persons, if attended to by the AgentU$S 1000.-

e) For repatriating the remains of, or burying locally, deceased persons, if attended to by the Agent U$S 1.000.-

f) For each intervention to engage crew-members, the fee is subjet to agreement, with a minimum of U$S 200.-

3.4 FOR ATTENDING TO:

a) Collisions, groundings, material damage, accidents, claims, damages, losses caused by fire, legal/judicial/penal
proceedings, (except those concerning the crew), smuggling, pollution, with or without the intervention of the
authorities and/or lawyers and/or surveyors, except for each General Average and embargoes: For each separate
case, a fee, subject to agreement between the parties, will be charged, with a minimum of U$S 2.500.-

4.1 For attending in that capacity, appointed by any of the interested parties,
but without intervention as Custom-House Agent and/or Confidential/Protecting Agent.
The period begins to count from anchoring for the first time (lightering and/or
topping-off areas, and/or waiting zones due to port congestion included) or on
arrival at the first port of operation, and including navigation time among
different operating ports in Argentina U$S 1.200.-

4.2 SURCHARGE WHEN A VESSEL STAYS MORE THAN 20 DAYS IN PORT AND/OR ROAD AND/OR ANCHORAGE

Same as for item 2.7 for Custom-House Agents and according to clause 1.6 of the
General Conditions.Per day of additional stay U$S 50.-

4.3 SURCHARGE FOR TRIPS TO THE ROADS

Same as for item 2.8 for Custom-House Agents and according to clause 1.6 of the
General Conditions.

5.3 CLAIMS.
For the inspection to containers or cargo by P&I or private surveyors effected out of the dates programmed for
the official cargo survey..For each bill of lading on consignees account U$S 130.- plus tax

5.4 GENERAL AVERAGE AND/OR EMBARGOES

a) For each bill of lading involved U$S 200.-
b) Minimum for General Average U$S 3.000.-
c) Minimum for each embargo U$S 3.000.-

5.5 OFFICIAL INVESTIGATIONS BY LOCAL AUTHORITIES

For each case, minimum U$S 3.000.-

5.6 AGENCY PERSONNEL ON BOARD

Agency personnel attending on board for lightering, topping-off and other operations.Per person and per day U$S 30.-